REGISTRATION All the businesses who have a place of residence in the state of UAE and whose value of supplies in the member states in previous 12 months has exceeded… Read More
Registration requirement for RWA The Association of Resident Welfare (RWA) is classified in accordance with the Income Tax Law as an Association of persons. A Resident Welfare Association (RWA) is… Read More
CHANGED/REDUCED IN GST RATE Rate Reduced from 28% to 18% Motor vehicle will now attract 18% tax from earlier 28%. Buses, for use in public transport, which exclusively run… Read More
Registration under legal metrology The Department of Legal Metrology falls under the Department of Consumer Affairs, and is therefore concerned with fair and honest practices in relation to all aspect… Read More
Composition levy Scheme Under GST GST is a very simple, trouble-free compliance for small taxpayers. It is a voluntary and optional scheme. Small taxpayers can get rid of tedious GST… Read More
Aadhaar Card Aadhaar Card is a 12-digit number issued by the Unique Identification Authority of India (UIDAI). The Aadhaar Card is linked to a variety of details, including iris scans,… Read More
REPORTING OF FORM FC-GPR TO RBI RBI Circular No. 40 dated 1st February 2016; RBI has made it mandatory to report any transactions and filing of forms online in respect… Read More
CORPORATE AND PROFESSIONAL UPDATES 16-JAN-2018 RBI Update: The Reserve Bank of India has today notified that the Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in M/S Granules… Read More
VAT Registration Threshold If the Annual Turnover of the company is more than AED 375,000/, it is mandatory for the company to register under UAE VAT If the Annual Turnover… Read More
CORPORATE AND PROFESSIONAL UPDATES 15-jan-2018 MCA Update: Stakeholders of Coadunation of Delay Scheme (CODS) (notified vide General Circular No.16/2017 dated 29th December 2017) may kindly note that the process for… Read More